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cheapbag214s · Posted: Sun 3:17, 21 Jul 2013 Post subject: Deed In Lieu - The Quick Solution_1

Deed In Lieu - The Quick Solution The Law Offices of Paul Lucas offers services for the homeowners having problems with their monthly mortgage payments. There is the Loan Modification,[link widoczny dla zalogowanych], the Short Sale and the Deed in Lieu. Many borrowers like the deed in lieu because this approach frees them quickly from debt. What is a Deed in Lieu?Deed in lieu is short for �deed in lieu of foreclosure�. It is a process in which the borrower hands over the property to the lender because of inability to pay the mortgage. This is supposed to settle the loan and therefore avoid foreclosure proceedings. The lender then puts the property on sale in order to get remaining balance of the loan. Borrowers like this process because it offers a quick solution to their problem while incurring less damage on their credit scores. When opting for a deed in lieu to avoid foreclosure,[link widoczny dla zalogowanych], legal documents like the Agreement in Lieu of Foreclosure and a Warranty Deed, Quit claim Deed or Grant Deed need to be signed. The first document contains the terms